Oil markets will skyrocket tomorrow

Discussion in 'Stock Market' started by wimpy77, Jun 17, 2012.

  1. wimpy77
    Offline

    wimpy77 Member

    Joined:
    Jan 21, 2009
    Messages:
    591
    Thanks Received:
    10
    Trophy Points:
    16
    Ratings:
    +10
    I fully expect a 2 or 3 percent jump in oil prices tomorrow since the pro bailout party won the Greek elections.
     
  2. 52ndStreet
    Offline

    52ndStreet VIP Member

    Joined:
    Jun 18, 2008
    Messages:
    2,883
    Thanks Received:
    147
    Trophy Points:
    83
    Ratings:
    +170
    How so, no one is going to be selling oil on credit to Greece, they have messed up their credit to buy oil
    on credit!.
    Greek is a non issue with regards to markets.
    They are approaching insolvency as a country.??!!
     
  3. iamwhatiseem
    Offline

    iamwhatiseem Gold Member

    Joined:
    Aug 19, 2010
    Messages:
    14,832
    Thanks Received:
    3,114
    Trophy Points:
    280
    Location:
    Virginia
    Ratings:
    +6,127
    well you were way off....
     
  4. signelect
    Offline

    signelect BANNED

    Joined:
    Dec 10, 2010
    Messages:
    1,863
    Thanks Received:
    216
    Trophy Points:
    0
    Location:
    Houston, TX
    Ratings:
    +216
    Greece has not bearing on the world oil market. Wait till Israel blows up the oil fields in Iran if you want to see the price of oil go up. I wonder what the price per gallon of radioactive oil is?
     
  5. Toro
    Offline

    Toro Diamond Member

    Joined:
    Sep 29, 2005
    Messages:
    50,782
    Thanks Received:
    11,059
    Trophy Points:
    2,030
    Location:
    The Big Bend via Riderville
    Ratings:
    +25,114
    Oops!
     
  6. Mr. H.
    Offline

    Mr. H. Diamond Member

    Joined:
    Aug 19, 2009
    Messages:
    44,127
    Thanks Received:
    9,267
    Trophy Points:
    2,030
    Location:
    A warm place with no memory.
    Ratings:
    +15,416
    I've read some analysts seeing $30 oil by the end of the year.
    In July 2007 it hit $140, then 6 months later bam $40.
     

Share This Page